SEOUL, Oct. 24 (Korea Bizwire) — South Korean high school graduates who fail to secure employment within three months of finishing school face dramatically lower chances of landing stable, well-paying jobs, according to new research released Thursday. The study, conducted by the Korea Educational Development Institute (KEDI), analyzed 792 high school graduates who did not pursue [...]
Related: Korea to Introduce First-Ever “Life Insurance Pension” Allowing Policyholders to Receive Death Benefits While Alive Understanding the Policy Shift Beginning October 30, South Koreans will be able to access a portion of their life insurance death benefits while still alive — transforming a traditionally posthumous payout into a living financial asset. The Financial Services Commission [...]
SEOUL, Oct. 23 (Korea Bizwire) — Beginning October 30, South Koreans will, for the first time, be able to convert death benefits from their life insurance policies into a steady stream of pension-style payments while still alive — a move regulators hope will reshape the country’s aging-era financial landscape. The Financial Services Commission (FSC) announced [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea will overhaul its market surveillance framework this month, moving from an “account-based” to an “individual-based” monitoring system in an effort to better detect unfair trading and improve enforcement efficiency, financial regulators announced Wednesday. The Financial Services Commission (FSC) said that amendments to the Enforcement Decree of the Capital [...]
SEOUL, Oct. 22 (Korea Bizwire) — As negotiations over tariff reductions and investment pledges continue between Washington, Seoul, and Tokyo, The Wall Street Journal has cast doubt on the scale and practicality of the enormous investment commitments reportedly sought by the Trump administration. In an editorial published Tuesday, the paper warned that the administration’s demand — [...]
SEOUL, Oct. 22 (Korea Bizwire) — Shinhan Bank is introducing a new interactive savings product that merges gaming and personal finance, targeting younger customers who seek both fun and engagement in their banking experience. The bank said Monday that it has begun pre-registration for its “Arcade Savings” account through the Shinhan SOL Bank app, open until [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Asset Management said Monday it will launch a new exchange-traded fund (ETF) that invests in companies participating in South Korea’s national “Sovereign AI” project, underscoring growing investor confidence in the country’s bid to develop its own artificial intelligence infrastructure. The KODEX Korea Sovereign AI ETF, set to debut on [...]
SEOUL, Oct. 20 (Korea Bizwire) – The country’s chief financial regulator said Monday that financial authorities are ready to take additional measures, if needed, to rein in soaring household debt. During a parliamentary audit, Lee Eog-weon, the chairman of the Financial Services Commission (FSC), said his agency is taking preemptive measures to secure financial stability. [...]
SEOUL, Oct. 20 (Korea Bizwire) — Gold prices are soaring to record levels, propelling gold-related exchange-traded funds (ETFs) in South Korea to an average monthly return of more than 20 percent — even as the domestic stock market hits new highs. The unusual parallel rise of risky assets such as equities and traditional safe havens like [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s battery sector has roared back to life this month, rebounding sharply from months of stagnation tied to electric vehicle (EV) demand concerns. The rally has sent related exchange-traded funds (ETFs) soaring, though analysts caution that the upswing may be short-lived. According to data from the Korea Exchange as [...]